Auto Sales: Maruti's RC Bhargava sends an SOS
According to sectoral experts, the lack of liquidity from NBFCs (non banking financial companies) is one of the key reasons behind the auto slowdown. On top of it, banks demanding 25 percent collateral for inventory financing has also impacted dealers majorly.:
Auto industry body SIAM (Society of Indian Automobile Manufacturers) has said that manufacturers may have to cut FY20 auto sales estimates if the current slowdown continues. This came after sales data for July reflected that passenger car sales were down 36 p...
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